It may have the ring of cliché, but America's next presidential election will be among the most crucial events in contemporary history. Rarely in the modern era has the world seen such unchecked power exercised so ignorantly, arrogantly and with such profoundly counterproductive results as the Bush Administration's bait-and-switch invasion of Iraq. As Al Gore told an audience at NYU recently, "The unpleasant truth is that President Bush's utter incompetence has made the world a far more dangerous place and dramatically increased the threat of terrorism against the United States." The International Institute for Strategic Studies (IISS), Gore noted, has...